BML shareholders approve record dividend payout of MVR 323 million

Bank of Maldives (BML) shareholders have approved a record final dividend of MVR 60 per share for the financial year 2025, amounting to a total payout of MVR 323 million.

The numbers were approved during the bank’s 43rd Annual General Meeting (AGM), held on Saturday evening at the Barceló Nasandhura Malé.

This marks the highest dividend payout in the bank’s history.

Shareholders also approved a 1:10 share split and bonus share issuance proposed by the bank’s Board.

BML currently has 6,148 shareholders; 5,999 ordinary shareholders and 152 council offices.

The government owns 51 percent of the bank’s shares, while the Maldives Pension Administration Office holds seven percent, and Maldives Transport and Contracting Company (MTCC) hold another five percent.

The BML announced a record financial performance for 2025, with a profit after tax of MVR 2.5 billion, marking a 9.8 percent increase from the previous year.

Meanwhile, total assets increased to MVR 55.8 billion, and the bank disbursed MVR 10 billion in new loans to individuals and businesses – marking the highest amount issued in loans over a one-year period.

The bank also welcomed over 30,000 new customers last year, with the customers deposits rising by 16 percent compared to the previous year.